Starling has fewer customers than other challenger banks, but it has more of their money. Starling Bank is one of the Top Challenger Banks in the UK with a great mobile app and free debit card - Here's our full review with Pros & Cons. Secondly, it takes around two working days for the funds to clear, and Starling recommends keeping hold of the cheque until you receive a confirmation via the app. You’ll need to repeat an on-screen sentence while holding your passport next to your face. In fact, you can make up to 6 withdrawals per day with your Starling debit card, as long as you do not surpass your daily limit of £300. I had to wait a couple of days to have my application approved, this may vary from user to user. After choosing whether or not you would like to allow push notifications (recommended), you can choose how you would like to unlock starling. But on the other hand, Starling has many other features in its favour. This style of banking would help pave the way for new companies to take advantage of the changing market. Trusted. Once you’ve done that, you simply need to enter the amount that you wish to send. The initial set up was painless, took less than ten minutes to apply, decision made within 24 hours. The overarching concept is that there is no longer a need to visit a physical branch to facilitate your everyday banking needs. Easy, transparent and fast were common remarks made about Starling Bank. Starling Bank Review (December 2020): Is It Really The Best? Engaged. 98 Starling Bank reviews. | Read 81-100 Reviews out of 16,497 Starling Bank is also useful if you are looking to create specific savings goals. Very very poor new customer experience. Much like other challenging banks, Starling allows you to block your debit card instantly within the app. This is a valid point regarding being able to have multiple accounts and would be useful for many people (including me). Simply download the app and wait for it to finish uploading onto your device. Starling Bank has its dedicated section to spending reports. With that said, it’s important to assess whether or not a mobile-only bank account is going to be sufficient for your needs, so be sure to read our Starling Bank review prior to taking the plunge. I am fuming that Starling Bank have not phoned me once or got any special team in to investigate this crime, and then they refunded £200 to the fraudsters direct! Crucially, if you find that you are spending too much cash on a specific category, this would allow you to act accordingly. In terms of the safety of your funds, you should have no concerns in the case of Starling Bank. Starling Bank is one of a growing group of “challenger banks” looking to simplify how we manage our finances, using modern technology to bring banking into the present. Having reviewed the majority of these challenger banks, I believe Starling Bank is the best currently, in my humble opinion. We should also note that Starling Bank even allows you to deposit funds with a cheque. While one challenger bank may use cookies to lure you into their fancy branches, Starling has successfully looked at what retail and small business customers really wanted from their day to day banking, started with a blank sheet of … Starling Bank Review Read More » Because Monzo closed my account without giving me any reason. Do you agree with Starling Bank’s star rating? If you do find it, you simply need to unlock it from within the app. Also in-line with anti-money laundering regulations, you will may to specify where your Starling account funds will be coming from. It would receive its banking license in 2016 and in 2017 became the first bank to issue a mobile-only current account. Interestingly, Starling notes that SWIFT – which averages 1-3 working days,  is the fastest option, so it remains to be seen how long a transfer takes when opting for a local partner. On the contrary, Starling Bank charges you nothing at all. Alternatively, enter your mobile number in the box below and we’ll send you a text with a link to download the app. The app also shows transactions in real-time to monitor spending and breaks down monthly spending habits to help create good financial habits. Once it does, follow the instructions enclosed within the letter to activate your card. Concerning the 3-year requirement, I could not find any information to support this claim. On top of that, Monzo don’t pick up phone call at all. Naturally, this means that people can pay money into your account – including your employer. MoneyCheck™ Copyright © 2018 - 2020 Kooc Media Ltd. All rights reserved. With that being said, challenger banking app competitor Monzo is arguably better in the international payments department, as it has partnered with TransferWise. The bounce-back loan (BBL) is provided to help put businesses back on their feet. However, this is still a sizable amount that will cover most cases. You’ll be glad to hear opening an account with Starling Bank is 100% free. In terms of international payments, Starling Bank charges 0.4% and have the option to send the payment faster (at a higher price). Considered. Except that it … The final part of the registration process requires you to activate your debit card. All you need to do is visit your nearest Post Office, and let the cashier know that you want to add funds to a Starling Bank account. After that, you’ll then get to choose from a local partner transfer or SWIFT. To get the ball rolling, you will need to download and install the Starling Bank mobile app – Click here to apply for your account in minutes. Founded by Anne Boden, Starling is a front runner amongst the app-only banks when it comes Starling Bank is what’s called an online bank, possessing no psychical branches (like Monzo) and was founded in 2014 by Anne Boden. Considering they were one of the first companies to venture into the world of solely being a mobile bank, they have done an excellent job. Starling Bank is fully regulated by the FCA, meaning it has the same security levels as many other banks. Interest rates will range from 15%, 25% and 35% from arranged overdrafts. | Read 61-80 Reviews out of 13,342 Do you agree with Starling Bank’s star rating? There are a couple of further points to note about cheque payments via Starling Account. It may be rated the best bank 3 years on the trot, but what do individual users think of Starling? I have to give it to challenger banks, they excel when it comes to overseas fees. The challenger banking space is hotting up in the UK – with a number of new-age institutions now allowing you to access everyday banking services via your mobile phone. Content on Moneycheck.com is provided for general informational purposes, and shouldn't be seen as an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. Users can toggle over-drafting on and off on solo accounts. There are 4 customers that starling bank, rating them as good. Enhance the integrity of the UK financial system, To promote healthy competition to improve services for the public, Communication has been poor for some users, Better options than listed companies on the marketplace. It has 4.5 out of 5.0 stars based on more than 14,500 reviews and is rated as 'Excellent'. From here you can progress through a few slides of personal information such as your title and first name. First off your going to need to download the Starling Bank app. This excess money can then be moved to any of your saving goals. Customer service from Starling Bank is awesome always there for you not like Monzo have to wait for ages. This lastly ties in some of the prior issues mentioned by some users. Here you can find a list of all your transactions across the month. They have some of the fairest costs in the whole of the banking industry, contrary to popular opinion. After that, you will be asked to perform a quick video verification. Starling Bank Bounce Back Loan complaints along with success stories are listed below. Opened the account due to low / no fees for foreign payments however on several attempts to pay American company the card is declined despite the claimed £10k daily limit. Accept the conditions and from then on you can browse through what it has to offer. Check out what 16,760 people have written so far, and share your own experience. As the UK's big challenger banks – Monzo, Revolut, Starling and N26 – … Kooc Media Ltd Company No.05695741 International House, 61 Mosley Street, Manchester, M2 3HZ UK, Hours Monday—Friday: 9:00AM–5:00PM Saturday & Sunday: 11:00AM–3:00PM. MoneySavingExpert featured Starling as one of the best banks to travel abroad with. After all, it’s these additions that separate it from the more traditional style of the bank. Anything after that and you will need to post the cheque to Starling. Let’s take a look at each one in more detail. Starling Bank promise they will not add any little extra charges on top of the interest rate too. If you select GBP when promoted, you will get charged more. Nevertheless, we’ll take a look at a few in more detail because it doesn’t always paint an accurate picture. Verdict Starling Bank has been one of the success stories of the UK’s so-called ‘Challenger Banks’. It’s always promising to see a customer use the company for every type of account they provide. Let’s first take a look at what the public think Starling Bank do well. Starling Bank uses Trustpilot for its customer reviews and displays them on its website. For example, the app might determine that you need to keep your spending down to £15 per day. Pros Treated like adults. Your overdraft can be fully accessed and monitored through the app once approved. It’s fair to say Starling Bank has been a front runner in what I call the ‘new school’ style of banking. It seems as though Starling bank need to work on their communication and overall registry process, particularly when it comes to business accounts. This means you’ll know in advance when money is coming out so you can manage your finances accordingly. We should also note that although the likes of Revolut and Monzo also allow you to withdraw cash abroad for free, however the providers limit you to around £200-£600 per month (depending on your account type) before a fee is added. You can have all of your transactions rounded up to the nearest pound. Ordinarily, high street banks typically charge a variable fee, flat fee, or a combination of the two. The award-winning mobile bank account allows you to open a UK current account in minutes, and then send and receive funds at the click of a button. The way it works will depend on whether or not the person that owes you money has an account with Starling. From here you’ll have a brief introduction to Starling bank and how they operate. In a similar nature to other challenger banking apps in the space. Binance Review: The Top Cryptocurrency Exchange? According to Comparebanks, 16% of applicants were denied a BBL with Starling. I've used Starling to go to Sri Lanka and didn't have a problem. Here’s an interesting comparison between Starling and it’s number 1 competitor Monzo. Thanks for taking time to leave a review. Launched in 2014, Starling Bank is a challenger banking app that aims to revolutionize the UK current account space. The overarching concept is that there is no longer a need to visit a physical branch to facilitate your everyday banking needs. This often results in same-day or next-day transfers at industry-leading rates. Starling Review 2020Starling banking features. Head over to the AppStore and search for ‘Starling Bank’. Furthermore, the bank is protected by the FSCS, which Revolut isn’t. Alternatively, you also have the option of setting up biometric identification. If an issue does arise, you can then contact the bank 24/7 by phone, email or chat via your mobile app. Although this is cheap, Starling notes that transfer times take longer than SWIFT. As covered earlier, this means that you will be notified the second somebody uses your card. This range of financial products has been extended further through Marketplace, allowing you … Starling Bank has been voted Best British Bank in the British Bank Awards in 2018, 2019, 2020. The process works largely the same as setting this up with a traditional bank. Press Esc to cancel. At the forefront of this is the provider’s instant notification feature. For example, let’s say that you wish to set up a direct debit with your local gym. When it comes to sending money, Starling Bank allows you to do this with ease via the mobile app. Progress through the slides and you’ll have the option to choose what sort of account you want. You can send money to other Starling users instantly and for free with the "Nearby Payments" feature. Registered Company No.05695741 Simplifying the World of Finance, for Everyone. How to Get Help with A Starling Account If you’ve ever had an issue with your bank of choice, you’ll be well aware of how tiresome the customer service process can be. 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